FTX Recovery Trust to Distribute $2.2B to Creditors on March 31

The FTX Recovery Trust announced that it will distribute approximately $2.2 billion to creditors in its fourth payout round on March 31, 2026. Eligible holders of approved claims who have completed all pre-distribution requirements will receive their funds shortly after that date through selected service providers.

The distribution is a significant step toward resolving the large-scale bankruptcy that began in November 2022. The payment brings many creditors closer to full recovery. It follows a record date of February 14, 2026, and is funded by recovered assets, along with a substantial reduction in reserves for disputed claims.

FTX Recovery Delivers Full Payouts

In November 2022, FTX filed for Chapter 11 bankruptcy after a sudden cash crunch exposed serious mismanagement at the crypto exchange. Former CEO Sam Bankman-Fried was found guilty of fraud and related crimes that contributed to the company’s collapse.

Under new leadership from John J. Ray III, the estate successfully recovered over $15 billion in assets through strategic sales and legal agreements. As a result, many creditors were able to recover amounts often exceeding 100% of their original claims, based on the value at the time of the bankruptcy filing.

In September 2025, a third round of payments totalling $1.6 billion was distributed to creditors, further aiding ongoing recovery efforts. Additionally, the company decided to reduce the disputed claims reserve from $4.6 billion to $2.4 billion, pending court approval. This adjustment frees up more money for distribution, allowing for larger payments to creditors.

Detailed Breakdown of Distribution

As part of the arrangement, customers with dotcom claims will receive an 18% increase, bringing their total recovery to 96%. U.S. customers will receive a 5% increase, completing their total recovery at 100%. Both general unsecured claims and digital asset loan claims will increase by 15%, resulting in a total payout of 100%. 

Additionally, convenience claims will receive 120% of the amount due to the priority structure established in the approved reorganization plan. However, to access these funds, eligible recipients must complete the Know Your Customer (KYC) verification, submit tax forms, and finish onboarding with BitGo, Kraken, or Payoneer. 

Meanwhile, future distribution dates and final details will be provided as the bankruptcy proceedings progress over the coming months. This fourth payout marks an important milestone. It demonstrates the estate’s commitment to maximizing returns for affected parties following years of complex recovery efforts.

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